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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  CNP Assurances    CNP   FR0000120222

CNP ASSURANCES

(CNP)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 05/25 06:54:57 am
9.048 EUR   +0.76%
05/15GLOBAL MARKETS LIVE: BT Group plans multi-billion pound deal
05/12CNP ASSURANCES : quaterly earnings release
04/17CNP ASSURANCES : General Meeting on 17 April 2020
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European Insurers Share Prices Fall After Regulator Asks for Dividend Suspensions--Update

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04/03/2020 | 02:05pm EDT

By Pietro Lombardi and Adam Clark

The European Union's insurance regulator has asked insurers and reinsurers in the region to temporarily suspend dividends and consider a postponement of bonuses amid the coronavirus pandemic, knocking stocks across the sector.

The European Insurance and Occupational Pensions Authority late Thursday urged insurers to have a prudent approach to shareholders' remuneration and variable pay. It wants insurers and reinsurers to preserve their capital position and ability to absorb potential losses, as well as ensure the continuity of their services.

The advice sent insurers' share prices dropping across the continent. Among the biggest fallers were France's CNP Assurances and the U.K.'s Legal & General Group PLC, which closed around 10% lower. Also hard hit were Dutch companies NN Group NV and Aegon NV, which lost 6.5% and 8.5%, respectively. The U.K. still follows European insurance regulation during the Brexit transition.

Some major European insurers have recently said they continue to expect to pay their previously declared 2019 dividends, including Germany's Allianz SE and Munich Re, which also closed in the red.

France's insurance giant AXA SA decided on Friday to postpone its shareholders' meeting to have more time for talks with regulators.

Insurers and reinsurers "should ensure that their assessment of the overall solvency needs is forward-looking, taking due account of the current level of uncertainty on the depth, magnitude and duration of the impacts of Covid-19," the authority said.

"In such context, the variable part of remuneration policies should be set at a conservative level and should be considered for postponement," it added.

Write to Pietro Lombardi at Pietro.Lombardi@dowjones.com and Adam Clark at Adam.Clark@wsj.com.

 

Stocks mentioned in the article
ChangeLast1st jan.
AEGON N.V. -0.13% 2.218 Delayed Quote.-45.29%
CNP ASSURANCES 0.22% 9.055 Real-time Quote.-49.35%
LEGAL & GENERAL PLC 1.56% 188.95 Delayed Quote.-37.64%
NEXT -1.16% 4583 Delayed Quote.-34.70%
NN GROUP N.V. -0.04% 25.8 Delayed Quote.-23.65%
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Financials (EUR)
Sales 2020 25 207 M
EBIT 2020 2 930 M
Net income 2020 1 274 M
Debt 2020 6 359 M
Yield 2020 9,58%
P/E ratio 2020 4,66x
P/E ratio 2021 4,35x
EV / Sales2020 0,50x
EV / Sales2021 0,48x
Capitalization 6 161 M
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Technical analysis trends CNP ASSURANCES
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 17,02 €
Last Close Price 8,98 €
Spread / Highest target 123%
Spread / Average Target 89,5%
Spread / Lowest Target 55,9%
EPS Revisions
Managers
NameTitle
Antoine Lissowski Chief Executive Officer
Jean-Paul Faugère Chairman
Thomas Béhar Group Chief Financial Officer
Hervé Thoumyre Head-Customer Experience & Information Systems
Jean-Baptiste Nessi Group Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
CNP ASSURANCES-49.35%6 712
ALLIANZ SE-28.80%69 737
MARSH & MCLENNAN COMPANIES-6.20%52 889
CHUBB LIMITED-24.84%52 809
ZURICH INSURANCE GROUP LTD-28.00%43 806
AMERICAN INTERNATIONAL GROUP INC-43.72%24 883